This content was created by Robert Siciliano. This content was uploaded by Robert Siciliano. This is a YouTube news segment (title: "Equifax Breach leads to another 2.5 Million Victims totaling over 145 Mil.", published Oct 3, 2017) in which news anchors (identified as Ms. Willis and Neil Cavuto / Speaker A and B) interview cybersecurity expert Robert Siciliano. The discussion covers newly reported additional victims of the Equifax breach (bringing the total to about 145.5 million), the types of personal data exposed (names, Social Security numbers, dates of birth, driver's license numbers, some credit card data), the risks of various forms of identity theft, and criticism of Equifax leadership and security failures (including possible board consideration of clawbacks).
Chapters
All right, so the former CEO Smith blamed human error and technology failure, I quote, for the breach. The Equifax board is said to be considering clawbacks of Smith's compensation. That according to the Wall Street Journal. He was walking away with $18 million. And adding fuel to the fire, the company revealing that 2.5 million more Americans than previously thought had their personal information compromised. That brings the total number of Americans whose information was hacked to 145.5 million from 143 million. Mr. Cavuto, back to you.
All right, thank you very, very much, Ms. Willis. In the meantime, uh, a typical hack like this, or what we see in the case of Equifax, can affect credit data going into the hundreds of pages on individuals, on you. Cybersecurity expert Robert Siciliano on how big this gets and what do they manage to get on you, on, on us. What do you think, Robert? What do they have?
Hey, Neil, they have, uh, well, names, Social Security numbers, dates of birth. In some cases, they have driver's license numbers and credit card information on some. And that's all that a bad guy needs to open up new lines of credit under your name. Additionally, they could also commit medical identity theft, forms of criminal identity theft, even tax-related identity theft. And with various forms of social engineering, they they could possibly take over existing financial accounts that you own.
Kind of minimized in today's hearing as if none of that appears to be happening. I think that was the gist of it. I didn't watch the whole hearing, but enough of it to glean that the former CEO is convinced that none of this happened. But how would he know?
You know what's sad about this? What makes me angry is they talk about how this is human error and insufficient technology. That human error is fundamentally a lack of security appreciation. The The people at the wheel, sleeping at the wheel, the CEO, the CSO, the CIO, sleeping at the wheel. They don't appreciate security, meaning that's their job and they're not doing their job. And so they retire with fat pensions. And it shouldn't be like that because the American public suffers as a result.
All right. Well put. I'm sorry, Robert, all the breaking news, your input very much valued, my friend. Robert Siciliano was on to this and the magnitude of this when the numbers
